Post
Topic
Board Speculation (Altcoins)
Re: Exchange KuCoin and KuCoin shares
by
Savik
on 04/11/2017, 23:59:44 UTC
Is the  coin supply 91 Million or 180Million like Coinmarketcap states? when will those coins go into circulation. That significantly dilutes future dividends and will suppress the coin. Let me know what im missing. very interested in the project.

200mil total coins:

https://assets.kucoin.com/kucoin_whitepaper_en.pdf
page 7

Of those 200mil... 70mil are locked up for 4 yrs and 30mil are locked up for 2years

Quote
The 70 million KCS issued by the founders in the first phase should be subject to a four-year lock-up period from Sep 2nd, 2017 to September 2nd, 2021. Founders are prohibited to assign or sell their KCS holdings in any way before September 2nd, 2018. Team members can only assign or sell 25% of their largest historical exchange volume in 365 natural days from Sep 3rd, 2018 to the end of lock-up period.
The 30 million KCS exchanged by the consultants and angel investors in the second phase should be subject to a two-year lock-up period from Sep 2nd, 2017 to Sep 2nd, 2019. Holders are not allowed to assign or sell their KCS holdings in any way before September 2nd, 2018. They can only assign or sell 50% of their largest historical exchange volume in 365 natural days from September 3rd, 2018 to the end of lock-up period.
The 100 million KCS issued by public users suffers no lock-up period and opens for exchange from Sep 2nd, 2017.